Macy's

Macy's says it will close 35 to 40 stores in early 2016

Macy's said Tuesday it hasn't selected all of the stores that will be closed yet. It expects the locations will have about $300 million in combined revenue. The company says employees who work at the closing stores may be offered positions at nearby locations, and workers who are laid off will be offered severance benefits.

The Cincinnati-based company says it closes a few underperforming stores every year. The company runs 770 Macy's stores and has closed 52 locations over the last five years while opening 12.

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Donald Trump doubles down on immigrant comments

The GOP businessman issued a statement Monday responding to critics in and out of his party. Trump called Mexican immigrants criminals and rapists as he launched his presidential bid last month.

Several businesses, including NBC, Univision and Macy's department stores, have cut ties with Trump.

In his new statement, Trump says "the Mexican government is forcing their most unwanted people into the United States." In many cases, he says, they are "criminals, drug dealers, rapists, etc."